General Mills's average Accounts Payable for the
three
months ended in Feb. 2022 was $3,462 Mil. General Mills's Cost of Goods Sold for the
three
months ended in Feb. 2022 was $3,134 Mil.
Hence, General Mills's Days Payable for the
three
months ended in Feb. 2022 was 100.81.
The historical rank and industry rank for General Mills's Days Payable or its related term are showing as below:
GIS'
s Days Payable Range Over the Past 10 Years
Min: 36.87 Med: 69.54 Max: 107.84
Current: 101.52
During the past 13 years, General Mills's highest Days Payable was 107.84. The lowest was 36.87. And the median was 69.54.
GIS's Days Payable is ranked better than 80.88% of 1726
companies
in the Consumer Packaged Goods industry
Industry Median: 47.67
vs GIS: 101.52
General Mills's Days Payable
declined
from Feb. 2021 (104.45) to Feb. 2022 (100.81).
It may suggest that General Mills accelerated paying its suppliers.
General Mills Days Payable Historical Data
The historical data trend for General Mills's Days Payable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
General Mills Annual Data
Trend
May12
May13
May14
May15
May16
May17
May18
May19
May20
May21
Days Payable
75.64
86.18
92.01
96.86
107.84
General Mills Quarterly Data
May17
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
Days Payable
104.45
109.30
107.63
90.61
100.81
Competitive Comparison
For the Packaged Foods subindustry, General Mills's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
General Mills Days Payable Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Days Payable distribution charts can be found below:
* The bar in red indicates where General Mills's Days Payable falls into.
General Mills Days Payable Calculation
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
General Mills's Days Payable for the fiscal year that ended in May. 2021 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
General Mills Days Payable Related Terms
Thank you for viewing the detailed overview of General Mills's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
General Mills is a leading global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, BLUE, and Haagen-Dazs. In fiscal 2021, 75% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products into the food-service channel and the commercial baking industry.
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